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#USCryptoWeek 🚨 Bank of America explores stablecoins!
The CEO of Bank of America (BoA), Brian Moynihan, has revealed that the bank is in the early stages of exploring stablecoins as a "transactional device" to move trillions of dollars for its clients.
BoA seeks to leverage blockchain technology to enhance its payments. This move by the banking giant highlights the growing institutional interest in stablecoins, whose transaction volume has already surpassed that of Visa and Mastercard combined in 2024.
